PROPERTY SNAPSHOT What’s hot in Subang Jaya?

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in Subang Jaya. 

•    The property market in Subang Jaya has performed fairly well. Based on analysis of transactions by theedgeproperty.com, average prices grew 15% y-y to RM581 per square foot (psf) in 3Q2014.

•    Spring & Summer Villa recorded the highest growth of average price psf, up 31% y-y to RM375 in the 12 months to 3Q2014. Upon closer examination, the data reveals that there were a few undervalued transactions here in the preceding year, which led to a lower than usual base and hence, the strong growth.

•    Average prices at Menara Rajawali recorded a growth of 24.3% y-y to RM771 psf. However transaction data reveals that transactions of higher-priced studio units were abnormally high in the 12 months to 3Q2014, hence overstating the actual growth of home value.

•    The highest growth in property value could be found at Subang Parkhomes. With the development recently completed at end 2013, the average price in the secondary market spiked 24.1% y-y to RM671 psf.

•    Generally the condominiums at SS15 and SS16 command higher rental rates between RM2.90 and RM3.50 psf, as these are within Subang Jaya’s commercial centre with shopping malls and amenities, and are typically smaller units. However, the properties with the highest rental yields can be found at Saujana Residency and Subang Olives Residence, with the indicative an annual return at 6.5%.

•    Among the properties in Subang Jaya, the developments at SS16 and SS15 are set to benefit the most from the upcoming Kelana Jaya LRT extension.

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PROPERTY SNAPSHOT What’s affordable in Subang Jaya?
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The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us.